Jul 15, 2013, 8:57 AM EST
Last week, Kovalchuk sent shock waves through the hockey world when he decided to retire from the NHL despite having $77 million left on his 15-year, $100 million contract. Kovalchuk’s decision left the New Jersey Devils with a massive hole in their lineup, not to mention a $250,000 annual cap recapture penalty through 2024-25.
On top of that, the Devils don’t have a first round draft pick in 2014 as punishment for their first attempt to sign Kovalchuk.
Following his retirement, it quickly became apparent that Kovalchuk would head to the KHL to extend his career. His mother suggested that this had been on the 30-year-old forward’s mind since January and he was influenced by his time with SKA during the lockout.
Taxation in the United States as well as the NHL’s escrow rules were also apparently factors as it’s believed that Kovalchuk stands to benefit financially from this maneuver. SKA hasn’t released the financial terms of their agreement with Kovalchuk.
The next time a wide North American audience sees him on the ice might be during the 2014 Winter Olympics. Team Russia and the United States will be in the same division.
— Dave Stubbs (@Dave_Stubbs) July 15, 2013
- Rutherford: ‘Our guys felt very strongly about reacquiring’ Lovejoy 37
- Winners and losers of the 2015 trade deadline 59
- Giordano to have surgery, is ‘done for the season’ 18
- PHT’s 2015 NHL Trade Deadline Tracker 35
- Ducks get their veteran d-man, adding Wisniewski from Columbus 12
- Lovejoy returns to Pittsburgh for Despres 50
- Wild get Stewart as Buffalo-to-Minnesota pipeline continues 53
- Jordan Leopold’s daughter may have orchestrated the Minnesota trade 17
- Wings get Zidlicky from Devils 68
- Can the Wings and Leafs work out a deal for Phaneuf? 49
- Wild beat Avs, dying seconds fight set stage for rematch (171)
- Petrovic: Chicago will ‘probably seek revenge’ for Kane injury tonight (82)
- Trade: Blackhawks acquire Vermette from Arizona for Dahlbeck, first rounder (74)
- Report: Alex Petrovic avoids discipline after injuring Patrick Kane (69)
- Trade: Rangers land Yandle, Coyotes receive Duclair, first-rounder (69)